secwatch.observer — SEC 8-K summary
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Issuer:     LITHIA MOTORS INC (LAD)
CIK:        0001023128
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001023128-23-000113
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lithia Motors Q2 revenue $8.1B (+12%), EPS $10.78 (-7%), declares $0.50 dividend
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- Revenue $8.1B (+12% YoY); diluted EPS $10.78 (-7%), adjusted EPS $10.91 (-10%).
- Acquired 14 locations expected to add ~$1.5B annualized revenue; divested 3 stores.
- DFC originated $558M in loans; service/body/parts revenue up 18%.
- Dividend $0.50/share payable Aug 25, record Aug 11.
- Total vehicle gross profit per unit $5,710, down $853; adjusted SG&A 60.4% of gross profit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023128/000102312823000113/0001023128-23-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023128/000102312823000113/lad-20230726.htm
  HTML page:      https://secwatch.observer/filing/0001023128-23-000113

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